Question No. 5 ( CLO # 4 ) Scenario 5 : The actual information pertains to the month of June . As a part of the budgeting process , Superior Essex Company developed the following static budget for June . Superior Essex is in the process of preparing a flexible budget and understanding the results . Sales volume ( in units ) Sales revenues Variable costs Contribution margin Fixed costs Operating profit Actual Results 18,000 $ 900,000 360,000 540,000 275,300 $ 264,700 Flexible Budget $ $ $ $ $ Static Budget 23,000 $ 1,150,000 463,910 686,090 269,500 $ 416,590 Required : You are required to apply the concept of a Flexible budget and calculate the missing variable cost . ( 2 Marks )